Wednesday, August 27, 2008

safe trade calls

GOLD

Continue to view as long Resistance 11875/11950, down trend continue. for the day sell below 11715 S/L 11735 and T/p 11690/655/630/11590/sustain below down rally OR buy only abv 11875 S/L 11850 and T/p 11910-940/towards 11980 (any time close above 11950/ 12680/12950/13550/13850 bullish while close below 11275/11125 bearish for medium term)


SILVER

As long Resistance 20600 down trend likely to continue. for the day sell below 20200 S/L 20275 and T/p 20125-20050/ towards 19950 OR buy only abv 20600 S/L 20530 and T/p 20700-800/21000, sustain below 19800 seen down rally sharp (any time close below 19200-18900 bearish rally while close above 20600/21900/22850/25000/26100/ 27250/28000 bullish for medium term)


CRUDE


Crude oil inventory schedule to release today at 8.05 PM. Continue to view as long Resistance of 5210/5290, down trend likely to continue. for the day sell below 5040 S/L 5060 and T/p 5000/4955-60/sustain below seen down rally OR sell ard 5240-45 S/L 5250 and T/p 5215/5170, only sustain abv 5250 & 5290 trigger buy call now (now crude need to close above 5290/5475/5710/ 6375 for bullish rally while close below 4865/4760 bearish for medium term)


COPPER


Continue to view as long Resistance of 339 & 340.5, down trend continue. book profit on sell below 335.5, fresh sell below 328 S/L 329.5 and T/p 326-25/ 323 OR sell ard 338.2-338.5 S/L 339 and T/p 339.5/334 (upside strong rally only on close above 340.5/351/ 360.5/ 371/387.5/398 while close below 312/ 302/289/265/251.5/235 bearish for medium term)


MCXARUN
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